except when I get in at market wiuth a “loss leader”.
Or when I am manually scalping in range while holding longs higher.
MY loss leader is MY first order. I call it a loss leader because EVEN before this loos leader hits your TP target you should be able to close it for a loss if you want too and still be WAY up pips wise.
I have an old loss leader now at 209.63
and all my longs are now:
208.09 207.99 207.79 207.70 207.59.
All these have mostly either a 21 or 31 pip TP limit order set to sell when it hits the target. I will hold these longs forever if I need too. They will earn me lieterally 30% a month interest. MB trading told me they were unaware of anything requiring me to sell my longs after any set time. Forex is spot market and unlike futures you cannot run me out of time. In FOrex you can only run me out of money,
which if I manage my MArgin smartly, it will be almost impossible for you or anyone to do this.
Microlots may be in order for some people. The point is I gernerally trade a boatload of orders, and I TP on 100% or ALL orders entered.
Bear with me here if you don’t understand, soon there will be all sorts of new people here to help me explain some of this basic stuff.
This is a long term very profitable equity building system that WILL NOT
wipe you out in the end unless that is your goal.